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2022
Flag → Flag
Exports $12.9BRnk 4 / 215
2022
Flag → Flag
Top Product $7.53BGold
2022
Flag → Flag
Exports $7.02BRnk 18 / 224
2022
Flag
Economic Complexity (ECI) ECI 0.92Rnk 31 / 133
2022
Flag
Economic Complexity (ECI) ECI 1.42Rnk 12 / 133
2022
Flag  
GDP$2.14TCURRENT US$
Rnk 9 / 186
2012-2022
Flag
GDP GROWTH17%CURRENT US$
Rnk 129 / 186
2022
Flag
 GDP$3.07TCURRENT US$
Rnk 6 / 186
2012-2022
Flag
GDP GROWTH13.5%CURRENT US$
Rnk 139 / 186
2022
Flag
GDP PC $54,966CURRENT US$
Rnk 14 / 186
2012-2022
Flag
GDP PC GROWTH4.36%CURRENT US$
Rnk 130 / 186
2022
Flag
GDP PC$45,850CURRENT US$
Rnk 23 / 186
2012-2022
Flag
GDP PC GROWTH7.92%CURRENT US$
Rnk 122 / 186

About

Canada-United Kingdom Trade: In 2022, Canada exported $12.9B to United Kingdom. The main products that Canada exported to United Kingdom were Gold ($7.53B), Crude Petroleum ($1.02B), and Radioactive Chemicals ($526M). Over the past 5 years the exports of Canada to United Kingdom have decreased at an annualized rate of 2.67%, from $14.8B in 2017 to $12.9B in 2022.

In 2020, Canada exported services to United Kingdom worth $2.91B, with Financial services ($1.33B), Transportation ($672M), and Royalties and license fees ($319M) being the largest in terms of value.

United Kingdom-Canada Trade: In 2022, United Kingdom exported $7.02B to Canada. The main products that United Kingdom exported to Canada were N/A. Over the past 5 years the exports of United Kingdom to Canada have increased at an annualized rate of 2.5%,  from $6.2B in 2017 to $7.02B in 2022.

In 2019, United Kingdom exported services to Canada worth $0, with being the largest in terms of value.

Comparison: In 2022,  Canada ranked 31 in the Economic Complexity Index (ECI 0.92), and 9 in total exports ($587B). That same year, United Kingdom ranked 12 in the Economic Complexity Index (ECI 1.42), and 14 in total exports ($469B).

Latest Trends

August, 2024

About

Overview In August 2024, Canada exported C$3.04B and imported C$798M from United Kingdom, resulting in a positive trade balance of C$2.24B. Between August 2023 and August 2024 the exports of Canada have increased by C$1.86B (158%) from C$1.18B to C$3.04B, while imports decreased by C$-15.5M (-1.91%) from C$814M to C$798M.

Trade In August 2024, the top exports of Canada to United Kingdom were Gold (C$1.22B), Crude Petroleum (C$145M), Radioactive Chemicals (C$22.5M), Wheat (C$20.5M), and Newsprint (C$15.7M). In August 2024 the top imports of Canada from United Kingdom were Crude Petroleum (C$161M), Cars (C$78.3M), Packaged Medicaments (C$30.6M), Hard Liquor (C$30.2M), and Aircraft parts including unmanned craft (C$29.1M).

Origins In August 2024 the exports of Canada were mainly from Ontario (C$2.71B), Newfoundland Labrador (C$88M), Quebec (C$57.7M), Saskatchewan (C$51M), and New Brunswick (C$49.9M), while imports destinations were mainly Ontario (C$312M), Quebec (C$275M), Nova Scotia (C$52.2M), Alberta (C$51M), and British Columbia (C$42.6M).

Growth In August 2024, the increase in Canada's year-by-year exports to United Kingdom was explained primarily by an increase in product exports in Gold (C$166M or 15.7%), Crude Petroleum (C$64M or 78.6%), and Wheat (C$20.3M or 11.6k%). In August 2024, the decrease in Canada's year-by-year imports  from United Kingdom was explained primarily by an decrease in product imports  in Silver (C$-55.6M or -99.3%), Aircraft parts including unmanned craft (C$-22.6M or -43.8%), and Iron Blocks (C$-11.5M or -97.9%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (August 2023 - August 2024)C$1.86B(158%)
IMPORT GROWTH (August 2023 - August 2024)C$-15.5M(-1.91%)
MAIN EXPORTER (August 2024)OntarioC$2.71B

This section shows exports and imports data at subnational level for Canada. Click any date in the line plot, any subnational region in the geomap or any product to explore the exports or imports behavior of Canada over time.

To check United Kingdom and Canada trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore United Kingdom and Canada Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Canada exported $12.9B to United Kingdom. The main products exported from Canada to United Kingdom were Gold ($7.53B), Crude Petroleum ($1.02B), and Radioactive Chemicals ($526M). During the last 5 years the exports of Canada to United Kingdom have decreased at an annualized rate of 2.67%, from $14.8B in 2017 to $12.9B in 2022.

In 2017, United Kingdom exported $7.02B to Canada. There were not main exports from United Kingdom to Canada in 2017. During the last 5 years the exports of United Kingdom to Canada have increased at an annualized rate of 2.5%, from $6.2B in 2022 to $7.02B in 2017.

Exports from Canada (Flag) to United Kingdom (Flag) (2022)

Exports from United Kingdom (Flag) to Canada (Flag) (2022)

Market Competitiveness

Color
Canada
Top DestinationUnited States$438B
United Kingdom
Top DestinationUnited States$61.8B

This map shows whether countries import more from Canada or United Kingdom. Each country is colored based on the difference in imports they receive from Canada and United Kingdom or the difference in the growth in imports.

In 2022, countries that imported more from Canada than United Kingdom included United States ($438B), Japan ($14.3B), and Mexico ($7.39B).

In 2022, countries that imported more from United Kingdom than Canada included Netherlands ($41.9B), Germany ($40.6B), and Ireland ($32.6B).

Difference in imports from United Kingdom (Flag) and Canada (Flag) (2022)

Comparative Advantage Canada - United Kingdom

Flow
Scale

This chart compares trade between Canada and United Kingdom by product, considering products traded by both, Canada and United Kingdom.

During 2022, Canada had a large net trade with United Kingdom in the exports of Precious Metals ($7.57B), Mineral Products ($1.38B), and Chemical Products ($822M).

During 2017, United Kingdom had a large net trade with Canada in the exports of Transportation ($1.41B), Machines ($1.24B), and Precious Metals ($1.23B).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Canada United Kingdom+$794MCrude Petroleum
Top Product Potential United Kingdom Canada+$310MCars

We estimate the export potential of an economy for each product and destination using an extension of the bilateral relatedness model of Jun et al. (2019).This extended gravity model considers similarities among products and geographies and explains more than 50% of the variance in future trade flows.

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Bilateral Service Trade

In 2020, Canada exported services to United Kingdom worth $2.91B, with Financial services ($1.33B), Transportation ($672M), and Royalties and license fees ($319M) being the largest in terms of value.

In 2019, United Kingdom exported services to Canada worth $0, with being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Canada (Flag) to United Kingdom (Flag) (2020)

Services Exports from United Kingdom (Flag) to Canada (Flag) (2019)

Service Trade

Economic Complexity

Competitive Landscape

This visualization shows the product space at the HS4 level with the flags of Canada and United Kingdom. This means that a dot/product with the flag of Canada indicates it has a comparative advantage over United Kingdom. Similarly, a dot/product with the flag of United Kingdom indicates it has a comparative advantage over Canada.

Product Space of Canada (Flag) and United Kingdom (Flag) (2022)

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